Insurance multinational The Ardonagh Group, parent of Mullingar-based data analytics operation Ardonagh Analytics Lab, has raised equity investment through US-based Stonepoint Capital, which values the group at $14 billion. Officially opened in 2023, the Ardonagh Analytics Lab in Mullingar harnesses the power of Ardonagh’s data to develop and deliver risk insight and innovative data-driven solutions on a global scale for the 50 diverse brands within Ardonagh Group's global portfolio of businesses, including Arachas Corporate Brokers Ltd here in Ireland. #MidlandsICT #midlandsadvantage #dataanalytics #data #insurance #ardonagh #tech #datadriven #multinational Midlands Regional Enterprise IDA Ireland Local Enterprise Office Westmeath Mullingar Chamber Midlands Ireland Midlands Women in Tech Longford and Westmeath Education and Training Board (LWETB) Technological University of the Shannon, Athlone Campus
The Ardonagh Group today announces an equity investment from funds managed by Stone Point Capital LLC, a leading alternative investment management firm focused on the global financial services and related industries. The investment values Ardonagh at $14 billion. Group Chief Executive David Ross said: “Stone Point’s investment in the Group marks a new phase in our extraordinary journey over the past few years to become the $14 billion business we are today. Their support reflects conviction in the strength of Ardonagh’s business and continued momentum, and redoubles our commitment to independence in a consolidating market. “We look ahead to a future backed by partners whose deep understanding of our industry, expertise and networks will be invaluable as we capitalise on Ardonagh’s unique position in the global insurance market to deliver value to our clients, shareholders and people.” Read the full announcement on our website.